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Journal articles on the topic 'Agricultural insurance'
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1
Mirjalil, Iskandarov Abdurasul. "AGRICULTURAL RISK INSURANCE." European International Journal of Multidisciplinary Research and Management Studies 02, no. 09 (September 1, 2022): 56–57. http://dx.doi.org/10.55640/eijmrms-02-09-12.
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Agriculture is a sector facing many risks. Agricultural risks have become the object of many scientific studies as a result of their direct impact on the food security of the state and thereby the standard of living of the population. Agricultural risks have their own characteristics. Also, the classification of agricultural risks is specific to industry risks. The article considers two main principles of risk classification and proposes a classification model based on the principle of grouping.
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Fu, Li-Sha, Tao Qin, Gan-Qiong Li, and San-Gui Wang. "Efficiency of Agricultural Insurance in Facilitating Modern Agriculture Development: From the Perspective of Production Factor Allocation." Sustainability 16, no. 14 (July 20, 2024): 6223. http://dx.doi.org/10.3390/su16146223.
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Agricultural insurance is instrumental in consolidating the gains of poverty alleviation and advancing rural revitalization. It significantly aids in the efficient allocation of agricultural production factors, which in turn enhances agricultural output and bolsters the evolution of modern agriculture. Therefore, utilizing data from 583 household surveys and employing endogenous transformation and intermediary effect models, this paper analyzes the production factor allocation effect and specific mechanism of agricultural insurance. It focuses on small-scale farmers and new agricultural operators, exploring how insurance contributes to the advancement of modern agricultural practices. The results show the following: (1) Agriculture insurance can significantly affect the agricultural scale input behavior of farmers such as land input scale and input scale, agricultural machinery application behavior such as the degree of mechanization and water conservancy application, agricultural technology adoption behavior, and planting structure selection behavior, thereby helping to modernize agriculture. (2) There is heterogeneity in the impact of agriculture insurance on the allocation of production factors for small farmers and new agricultural operators. For small farmers, agriculture insurance has a significant promoting effect on their agricultural machinery application behavior, agricultural technology adoption behavior, and planting structure selection behavior. For new agricultural operators, agriculture insurance significantly promotes their agricultural scale input behavior, agricultural machinery application behavior, and agricultural technology adoption behavior. (3) In terms of the mechanism of action, agriculture insurance mainly promotes agricultural scale input behavior through land transfer, facilitates agricultural machinery application behavior by purchasing agricultural machinery equipment and services, encourages agricultural technology adoption behavior by strengthening agricultural technology training, and enhances professional production levels by increasing the scale of insured planting, thereby contributing to the development of modern agriculture. Based on this, several policy suggestions have been proposed. These include enhancing the directionality of agriculture insurance policies, improving the collaborative interaction mechanism between agriculture insurance and agricultural credit financing, and adopting certain reward and punishment measures to curb moral hazard.
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ANTYPENKO, Nadiia, and Mariia USHOVA. "Risk insurance of agricultural enterprises." Economics. Finances. Law, no. 10/2 (October 26, 2020): 9–12. http://dx.doi.org/10.37634/efp.2020.10(2).2.
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The paper is devoted to the interpretation and analysis of risk insurance of agricultural enterprises. Agricultural insurance is one of the most specific types of insurance, because a huge number of natural factors and emergencies (drought, floods, sudden changes in air temperature, humidity, and insect pests) are constant and inevitable risks of any agriculture. They cause considerable financial losses, and therefore such a sector of the economy must find reliable opportunities to protect against them. One of the risky types of insurance is agricultural risk insurance. This type of insurance is an important means of reducing the degree of risk in agriculture. The paper considers the peculiarities of the functioning of the agricultural segment of the insurance market in foreign countries. The possibility of attracting and adapting foreign experience of state financial support to the insurance market of Ukraine within the framework of basic insurance models is determined. The purpose of the study is to study and generalize risks in insurance, insurance models, foreign experience in agricultural production, development of recommendations for improving insurance operations for public financial support in the agricultural sector of Ukraine, taking into account foreign experience. Risk in agriculture is seen as a threat or possibility to deviate from the expected results of activities or decisions made from the planned ones. The paper also considers the experience of working with foreign countries on this issue. The purpose of the paper is to study the theoretical aspects of risk insurance that arise in the implementation of business activities in agriculture, justification of ways to improve the legislative and financial influence of the state in this process. The purpose of state assistance is to develop insurance infrastructure, standardize insurance conditions, reduce the cost of insurance products for agricultural users and improve the quality of insurance products. So, the main task for insurers of Ukraine is to gain and maintain a decent reputation and provide effective insurance services. Today, the state is trying to improve and stabilize the situation in the agricultural sector, for example, it involves the practice of providing state support in insurance of agricultural products (providing from the state budget to agricultural producers in the form of subsidies to reimburse part of the insurance payment actually paid for them).
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Zhang, Qingyi, and Jingyu Luo. "A Study on the Compatibility between the Digital Reform of Agricultural Insurance and the Needs of Farmers: A Case Study of Ningbo City, Zhejiang Province." SHS Web of Conferences 181 (2024): 04039. http://dx.doi.org/10.1051/shsconf/202418104039.
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Agricultural insurance of China has covered all fields of agriculture, including forestry, animal husbandry and fishery. Although great progress has been made in the digital reform of agricultural insurance, the degree of digitalization of agricultural insurance is still slow. Farmers’ understanding and participation in agricultural insurance is the important consideration of promoting digital degree of agricultural insurance in Zhejiang Province. Focusing on the supply-side reform, the digital reform of agricultural insurance also needs to consider the situation of the demand-side of farmers, promote traditional agriculture to have been transformed from “relying on the weather” to “working with the weather”.
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Semenova, Nadezhda N., and Anton Yu Averin. "Assessment of the Effectiveness of State Support for Insurance in Agriculture in Russia." REGIONOLOGY 30, no. 2 (June 30, 2022): 299–323. http://dx.doi.org/10.15507/2413-1407.119.030.202202.299-323.
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Introduction. Risk insurance is the most important financial instrument that ensures the sustainable development of agriculture. The specifics of the implementation of agricultural risks (the unpredictable nature of the onset and the significant intensity of the impact on the activities of agricultural producers) determines the increased interest in this area of support for agriculture from the state. The purpose of the article is to assess the effectiveness of state support in the field of agricultural risk insurance in Russia. Materials and Methods. The authors analyzed the reports of the Ministry of Agriculture of the Russian Federation, as well as the National Union of Agricultural Insurers, characterizing the dynamics of development and the effectiveness of state support in the field of insurance of risks in agriculture. To assess the effectiveness of state support for agricultural producers when concluding an insurance contract, the following algorithm was used: first, an analysis of the achievement of planned indicators of agricultural insurance with state support; second, an analysis of the impact of the size of government funding for insurance on the financial results and financial sustainability of agricultural producers; third, the correlation analysis of the closeness of the relationship between the main indicators of insurance with indicators of financial results and financial stability of agricultural producers. Results. The analysis of the dynamics of the development of agricultural insurance with government support in Russia, as well as the contribution of government subsidies to the financial result of agricultural producers is carried out. On the basis of correlation analysis, there is a tight link between insurance indicators such as insurance coverage and insurance indemnity and indicators of financial results and financial sustainability of agriculture. Discussion and Conclusion. The results obtained indicate a significant impact of government financing of insurance risks in agriculture on the development of the industry. The results of the study could be used by public authorities and Governments in formulating development strategies and agricultural insurance programs, developing appropriate financial instruments for State support for agricultural producers.
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Coble, Keith H., Terry Hanson, J. Corey Miller, and Saleem Shaik. "Agricultural Insurance as an Environmental Policy Tool." Journal of Agricultural and Applied Economics 35, no. 2 (August 2003): 391–405. http://dx.doi.org/10.1017/s1074070800021350.
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This paper examines the possibility that insurance for row crops, livestock, and aquaculture can be used effectively to encourage producers to adopt practices that will improve environmental behavior. Examples of agricultural environmental insurance are provided and considered in the context of alternative policy mechanisms. The current state of agricultural insurance and the nonagricultural environmental insurance market are explored. We also lay out the characteristics of an insurable risk along with the theoretical basis of insurance provision. An empirical example of an environmental insurance design is provided, and the behavioral implications of such a design are examined. Finally, we discuss important considerations that should be evaluated when considering an attempt to implement an agricultural insurance program directed at environmental behavior.
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Radović, Gordana. "Agricultural insurance in the Republic Srpska." Tokovi osiguranja 38, no. 2 (2022): 75–95. http://dx.doi.org/10.5937/tokosig2202075r.
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There is a significantly large, objective need for the agricultural insurance coverage in the Republic Srpska, especially in the environment of increasing climate changes. The insurance companies whose offer includes the insurance of agriculture are increasingly present and competing on the market, but the government also provides a big support by granting subsidies for agricultural insurance premiums. The author of this paper analyses the number and structure of agricultural insurance policies, the share of total agricultural insurance premiums in the non-life insurance premium total and/or the number of registered agricultural farms that benefited from the agricultural insurance premium recourses and/or took out the insurance coverage for their production. She concludes that the economic protection provided under the agricultural insurance cover has been underutilized in the Republic Srpska.
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Chen, Wei, and Yuansheng Jiang. "Application of Markov Model-Based IoT in Agricultural Insurance and Risk Management." Mobile Information Systems 2021 (August 26, 2021): 1–8. http://dx.doi.org/10.1155/2021/8723258.
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As the foundation of the national economy, agriculture is a high-risk, weak industry. Affected by many factors, agricultural production is subject to catastrophe risks from time to time. Agricultural production is mainly faced with two major threats, natural disaster risk and market risk. As an effective risk management tool, the production and promotion of agricultural insurance have played an essential role in guaranteeing the development of the agricultural industry in some developed countries and major agricultural countries in the world. This article combines the Internet of Things and Markov model for agricultural insurance risk management. First, we combine the structure of the Internet of Things and select relevant statistical data. Then, we build a panel data system, starting from two perspectives in different regions and analyze agricultural insurance’s current development and characteristics at each stage. In addition, we use the Markov model to build a panel data model to explore the specific impact mechanisms deeply. We also study the effects of disaster risk levels in different regions on the development of agricultural insurance. After simulation verification, we believe that this model can effectively promote the balanced regional development of agricultural insurance.
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Banjo, K. A., F. A. Oloyede, H. S. Olufawo, K. O. Ogunlami, T. S. Saka, O. S. Bamgbose, and F. G. Tairu. "Impact of Agricultural Insurance on the Productivity of the Agricultural Sector In Nigeria." Advances in Multidisciplinary and scientific Research Journal Publication 8, no. 1 (March 30, 2021): 33–42. http://dx.doi.org/10.22624/aims/v8n1p3.
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This study examines the impact of agricultural insurance on the productivity of agricultural sector in Nigeria. Agricultural Insurance is a valuable business risk management tool that provides farmers with financial protection against production losses caused by natural perils, such as drought, excessive moisture, hail, frost, wind and wildlife. The study used a survey research approach and simple random sampling to choose 100 farmers from Orelope Local Government, Oyo State. The findings revealed a positive significant correlation (r = .381, p <.01) between Agricultural insurance scheme and Agricultural sector productivity. Also, the level of awareness of Agricultural Insurance scheme among respondents is still low as several of them claimed that they are not aware of the Insurance scheme. It is recommended that more awareness and enlightenment of the Agricultural insurance scheme should be made to famers especially those in rural areas. Keywords: Agriculture, Insurance, Agricultural Insurance, Crop Production
10
Nyoman, Yudiarini, Luh Putu Kirana Pratiwi, and Made Budiasa. "Effectiveness of Agricultural Insurance Program as A Sustainable Agricultural Development Effort." SEAS (Sustainable Environment Agricultural Science) 6, no. 2 (October 31, 2022): 134–43. http://dx.doi.org/10.22225/seas.6.2.5856.134-143.
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In an effort to develop agriculture, especially as a protection for farmers against crop failure, the provincial government of Bali through the National Food Security program has established Badung Regency as a pilot project for implementing agricultural insurance through the Jasindo Insurance Company. This concept is applied as a guarantee for farmers in terms of price fluctuations of agricultural products that tend to decline, thus triggering the reduction of agricultural terrain that increases each year in Bali Province. This study goals to analyse the level of effectiveness of the agricultural insurance program and to analyze the factors that affect the level of effectiveness of the insurance program as an attempt to develop sustainable agriculture in Bongkasa Village, Abiansemal Region, Badung Regency. The method of analysis in this research is done quantitatively, namely this study uses two analyzes, namely descriptive analysis which is used to analyze the level of effectiveness of agricultural insurance programs and Confirmatory Factor Analysis which is used to confirm latent variables and indicators. The results of the analysis show that the level of effectiveness of the agricultural insurance program is 81.75 percent with effective criteria. The variable that has a dominant affect on the performance of the insurance program as an effort to develop sustainable agriculture is the process variable which is then followed by the output variable and the input variable.
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Tan, Caifeng, Jianping Tao, Lan Yi, Juan He, and Qi Huang. "Dynamic Relationship between Agricultural Technology Progress, Agricultural Insurance and Farmers’ Income." Agriculture 12, no. 9 (August 29, 2022): 1331. http://dx.doi.org/10.3390/agriculture12091331.
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The implementation of the agricultural insurance policy and advancement of agricultural technology has great significance for the development of the agricultural economy of China, and it is an important source of national stability and modernization and development of the agriculture sector. Agricultural insurance policy uses the expansion of agricultural technology progress in the process of evaluation, investigation and claims settlement, and so on. Agricultural technology progress is effective in the reduction of some agricultural risks, it also affects farmers’ agricultural insurance behaviors, and optimizes the operating environment of agricultural insurance. The objective of this research is to explore the relationship between agricultural technology progress, agricultural insurance and farmers’ income. It also explains the mutual/cooperative relationship between agricultural technology progress and agricultural insurance. It provides the theoretical basis and data support to verify the promotion effect of agricultural insurance and agricultural technology progress on farmers’ income. This gives the improvement path for alleviating the spatial imbalance of China’s agricultural development. Keeping in view the aforementioned background and this research explores the effects of agricultural technological progress and agricultural insurance on the farmers’ income level. The panel data used for this research were from 2004 to 2019 and were grouped into two parts: high-density agricultural insurance areas and low-density agricultural insurance areas. The relationship between agricultural technology progress, agricultural insurance and farmers’ income was estimated using the Panel Vector Autoregressive (PVAR) model. The results revealed that: (i) both agricultural technology progress and agricultural insurance have a positive effect on the farmers’ income level, but this effect varies across regions; (ii) impact of the agricultural insurance on farmers’ income is greater than the impact of agricultural technology progress on farmers’ income; and (iii) the role of agricultural insurance in promoting agricultural technology progress exists only in areas with high-density agricultural insurance. Therefore, when formulating policies, the policymakers should consider regional differences and characteristics, and adopt development models keeping in view regional variations in adaptability with different agricultural insurance densities, Moreover, they should improve agricultural security policies, optimize agricultural capital allocation, promote the transformation of the agricultural economy from extensional growth to connotative growth, and further improve the agricultural productive income of rural residents.
12
Assa, Hirbod. "A financial engineering approach to pricing agricultural insurances." Agricultural Finance Review 75, no. 1 (May 5, 2015): 63–76. http://dx.doi.org/10.1108/afr-12-2014-0041.
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Purpose – The purpose of this paper is to introduce a continuous time version of the speculative storage model of Deaton and Laroque (1992) and to use for pricing derivatives, in particular insurances on agricultural prices. Design/methodology/approach – The methodology of financial engineering is used in order to find the partial differential equations that the dynamics of derivative prices have to satisfy. Furthermore, by using the Monte-Carlo method (and Feynman-Kac theorem) the insurance prices is computed. Findings – Results of this paper show that insurance prices (and derivative prices in general) are heavily influenced by market structure, in particular, the demand function specifications. Furthermore, through an empirical analysis, the performance of the continuous time speculative storage model is compared with the geometric Brownian motion model. It is shown that the speculative storage model outperforms the actual data. Practical implications – Since the agricultural insurances in many countries are subsidised by government, the results of this paper can be used by policy makers to measure changes in agricultural insurance premiums in scenarios that market experiences changes in demand. In the same manner, insurance companies and investors can use the results of this paper to better price agricultural derivatives. Originality/value – The issue of agricultural insurance pricing (in general derivative pricing) is of great concern to policy makers, investors and insurance companies. To the author’s knowledge, an approach which uses the methodology of financial engineering to compute the insurance prices (in general derivatives) is new within the literature.
13
Petrović, Mladen, Vedran Tomić, Robert Radišić, and Nikola Ljiljanić. "Analysis of insurance in agriculture of the Republic of Serbia in the period 2009-2018." Western Balkan Journal of Agricultural Economics and Rural Development 2, no. 2 (2020): 99–109. http://dx.doi.org/10.5937/wbjae2002099p.
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The subject of this paper is the analysis of agricultural insurance in the Republic of Serbia, which includes the types of agricultural insurance that exist in Serbian insurance market, the subjects that could be insured, as well as the insurance companies that are active in agricultural insurance at national level. The main goal of paper is to define the basic terms in agricultural insurance and to show the products and procedures in agricultural insurance offered by the insurance companies. Additional goal is to show the level of development and coverage of agricultural insurance in Serbia, as well as to point out the importance of insurance for agricultural development. In paper are used descriptive and deduction method, as well as desk research and descriptive statistics methods. Based on the conducted research, it is concluded that the current state in agricultural insurance in Serbia is quite low, while the main factors influencing this situation are underdeveloped agriculture and the fact that agricultural insurance is not mandatory. Insurance is significantly more represented in the crop than in livestock production.
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Yekimov, Sergey, Makhsetbay Zinatdinovich Aytimbetov, Shakhzoda Negmatova, Vadym Ratynskyi, Ivan Sokoly, and Oleksandr Bukovskyi. "The impact of digital technologies on agricultural insurance." E3S Web of Conferences 452 (2023): 01004. http://dx.doi.org/10.1051/e3sconf/202345201004.
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The efficient functioning of agriculture plays an important role in ensuring food security in many countries of the world. Depending on how insurance protection of agricultural producers is carried out, the competitiveness of their financial stability and competitiveness largely depends. Agricultural insurance is one of the most effective ways to combat agricultural risks and at the same time is one of the most difficult for insurance companies. Insurance events related to natural and climatic phenomena can cause significant losses to insurance companies. The use of reinsurance makes it possible to redistribute insurance liability between a large number of insurance companies, which in turn contributes to increasing their financial stability. The active introduction of digital technologies in agriculture allows not only to increase the efficiency of agricultural production, but also helps to reduce the risk of agricultural business. In turn, reducing the riskiness of agricultural business as a result of market competition among insurance companies will reduce the cost of the insurance policy. The state should pay more attention to supporting the use of digital technologies in agricultural production. Traditional subsidizing does not fully encourage agricultural producers to introduce digital technologies at their enterprises. Insurance plays a significant role in stabilizing agricultural production. To a certain extent , it creates conditions for protecting farmers from the onset of adverse weather events . The use of digital technologies in agricultural business contributes to increasing the efficiency of agricultural production and creates prerequisites for reducing the costs of agricultural enterprises for insurance protection.
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Chambers, Robert G. "Valuing Agricultural Insurance." American Journal of Agricultural Economics 89, no. 3 (August 2007): 596–606. http://dx.doi.org/10.1111/j.1467-8276.2007.00987.x.
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Banjo, K. A., F. A. Oloyede, and S. A. Aduloju. "Nexus Between Agricultural Insurance And Economic Growth In Nigeria." Advances in Multidisciplinary and scientific Research Journal Publication 10, no. 1 (March 30, 2022): 9–18. http://dx.doi.org/10.22624/aims/humanities/v10n2p2.
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E-mails: peaceadeolabanjo@gmail.com, oloyefx@gmail.com; ksaduloju@gmail.com Corresponding Author: peaceadeolabanjo@gmail.com ABSTRACT The present study is centered on the nexus between Agricultural insurance and economic growth in Nigeria. Agricultural Insurance is a valuable business risk management tool that provides farmers with financial protection against production losses caused by natural perils, such as drought, excessive moisture, hail, frost, wind and wildlife. The study made use of a survey research design and 50 farmers from Ijebu Igbo local government of Ogun State were administered questionnaires. The findings showed a positive significant correlation (r = .638, p <.01) between Agriculture Insurance scheme and economic growth. Also, Credit Scheme and Agricultural Insurance jointly significantly influenced economic Growth [(R2 = .543; F (2,49) = 27.978; p < .05)] which infers that Credit Scheme and Agricultural Insurance jointly accounted for about 54.3% of the variance observable in Economic growth. The study recommends that more awareness on agricultural insurance should be made to farmers and the need to be aware of the security the insurance scheme offers them which in actual sense will bring about increase in yield at minimum cost. Keywords: Agriculture, Agricultural Insurance, Credit Scheme, Economic Growth
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Ahmed, Nihal, Zeeshan Hamid, Farhan Mahboob, Khalil Ur Rehman, Muhammad Sibt e. Ali, Piotr Senkus, Aneta Wysokińska-Senkus, Paweł Siemiński, and Adam Skrzypek. "Causal Linkage among Agricultural Insurance, Air Pollution, and Agricultural Green Total Factor Productivity in United States: Pairwise Granger Causality Approach." Agriculture 12, no. 9 (August 26, 2022): 1320. http://dx.doi.org/10.3390/agriculture12091320.
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Agricultural insurance and green agriculture are strongly related. Agricultural insurance not only motivates farmers to adopt environmentally friendly production technology and enhances the effectiveness of production, but it also accomplishes the goal of lowering the number of chemicals that are put into the environment. This article investigates the dynamic relationship between agricultural insurance, air pollution, and agricultural green total factor productivity. To complete the aim, the authors used the panel auto-regressive distributed lags method (PMG method) and panel data from 50 states of the United States between 2005 and 2019. The empirical findings demonstrate a considerable co-integration and a cross-sectional reliance between agricultural insurance, air pollution, and agricultural green total factor production. Expanding agricultural insurance may boost agricultural green whole factor output but also exacerbate air pollution. However, significant air pollution does not increase agricultural production’s green total factor productivity. The panel Granger causality test shows a one-way causal relationship between agricultural insurance, green total factor productivity, and air pollution. A one-way causal relationship exists between air pollution and agricultural green total factor productivity. The author concluded that improving agricultural insurance coverage or cutting down on air pollution will boost agricultural green total factor output. These findings have long-term policy and management repercussions, particularly for those involved in agriculture policy and environmental management.
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Popova, Ol'ga Vladimirovna. "Legal regulation of agricultural insurance." Сельское хозяйство, no. 1 (January 2020): 25–32. http://dx.doi.org/10.7256/2453-8809.2020.1.33300.
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The development of the risk insurance system in agriculture, which is named as the main direction of state support for agriculture and the development of agricultural territories, is carried out only in the form of state subsidies for insurance premiums, which cannot be assessed as sufficient. The concept of further development of the risk insurance system has not been developed. At the same time, the need to develop the legal institution of agricultural insurance in a changing climate is becoming more and more obvious. Further development of agricultural insurance is proposed not only through the system of subsidizing part of the cost of insurance premiums, but also through the development of insurance cooperation, increasing the variability of insurance products. In addition, the issue of the need to create a transparent system of compensation payments to agricultural producers from the budget in the event of large-scale emergencies is raised.The functions of the state are those of ensuring national security, which means food security, and thus ensuring emergency response. Compensation for damage to agricultural producers in the event of large-scale natural disasters and natural disasters should be provided from the Federal budget or with its support.It is impossible to predict exactly how much money will be required to eliminate the consequences, this issue must be subjected to economic analysis and even interdisciplinary scientific research. But this is a matter of national importance, and the organization of such research should also be a function of the state.
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Kislingerová, Sofia, and Jindřich Špička. "Factors Influencing the Take-Up of Agricultural Insurance and the Entry into the Mutual Fund: A Case Study of the Czech Republic." Journal of Risk and Financial Management 15, no. 8 (August 16, 2022): 366. http://dx.doi.org/10.3390/jrfm15080366.
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The objective of the study was to identify the main factors influencing farmers’ willingness to take up agricultural insurance and participate in a mutual fund for non-insurable risks in the Czech Republic. Responses from 214 representative farms were processed using descriptive statistics, paired t-tests, binary logistic regression, and contingency analysis. The regression model showed the influences of agricultural area, distrust in insurance companies, the probability of losing more than 20% of production, the price of insurance premiums, and having a developed formal strategy on the likelihood of taking up agricultural insurance. Unlike previous empirical studies, this study did not attempt to look at agricultural insurance as an isolated risk management tool but rather to show the interrelationship between farmers’ decisions to join a mutual fund and their choice of agricultural insurance. Farmers expect most agricultural production risks to become significantly more important. With the ongoing economic crisis in the EU, there is growing pressure to reduce ad hoc public spending on coverage of non-insurable risks and to seek alternative solutions. The study also shows the need for a holistic approach to the design of risk management support systems in EU countries.
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Muzychka, J., and O. Dadak. "Foreign experience of agricultural insurance and prospects of its adaptation in Ukraine." Scientific Messenger of LNU of Veterinary Medicine and Biotechnologies 22, no. 95 (October 28, 2020): 22–26. http://dx.doi.org/10.32718/nvlvet-e9504.
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In the articles of the considered process of agrarian insurance in foreign countries. The essence of the concept of “agricultural insurance” and “agricultural insurance risk" is revealed. The history of development of agricultural insurance in the international market of insurance services is studied. There are several well-known national agricultural insurance systems and their characteristics. The national systems and participants of agrarian insurance in the countries of the world, namely: the United States of America, Canada, Spain, Portugal, Italy, Austria, France, Germany, Latvia and Poland are singled out. It is proved that in most countries of the world the importance of insurance of risks of agricultural production as an irreplaceable financial and economic lever of development of agriculture and economy of the countries is described. The most important measures that are provided and mandatory for the participants of the above-mentioned foreign national agricultural insurance systems are highlighted. Models of agricultural insurance in different countries are characterized by certain features: the state is an active participant in the agricultural insurance system; insurance is overwhelmingly voluntary; state policy in the field of insurance is characterized by structure and transparency; the state subsidizes both agricultural producers and insurance companies; Appropriate state institutions and appropriate levers of financial influence are created for the development and implementation of state policy in the field of agricultural insurance. Based on the experience of foreign countries, three main operating systems of agricultural insurance protection have been identified: the system of catastrophic coverage, the system of state administration of agricultural insurance programs, the system of cooperation between the state and insurance companies. It is noted that there is also an inefficient system of “state insurance company”, which sells agricultural insurance services. The main normative acts regulating the insurance process in Ukraine are described. It was proposed to introduce a new program of state support for agricultural insurance, which would clearly define: the subjects of the market of insurance of agricultural products with state support, insurance contracts, insurance rules, the mechanism for providing state support to farmers; information support of state support of agricultural insurance.
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Mateos-Ronco, Alicia, and Ricardo J. Server Izquierdo. "Risk Management Tools for Sustainable Agriculture: A Model for Calculating the Average Price for the Season in Revenue Insurance for Citrus Fruit." Agronomy 10, no. 2 (February 1, 2020): 198. http://dx.doi.org/10.3390/agronomy10020198.
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Risk management in agriculture is at the heart of major reforms in many OECD countries and European agricultural policies. Price risks, which are generally not insurable per se, have been covered by the Common Agricultural Policy (CAP), which has been shaped as a system of protection against market shocks and an instrument for income stabilization. However, there is an increasing propensity to combine the use of public and private risk management tools as well. In Spain, revenue insurance has not yet developed in the same way as other risk coverage insurance, although it is an upcoming target of agricultural insurance policies with the aim of ensuring income stability for agricultural producers. This paper presents the results of the methodology used to draw up a composition index or model of the average price for the season or representative market field price to be used for revenue insurance purposes in citrus fruit. High explanatory power regression models and the analytic hierarchy process (AHP) were used. The results show that the average price for the season obtained reliably represents the market field prices in the country’s various producer areas.
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Sumani, John Bosco Baguri. "Exploring Sustainability Features and Determinants of Agricultural Insurance Programmes in Low-income Countries." Ghana Journal of Geography 12, no. 2 (December 17, 2020): 169–200. http://dx.doi.org/10.4314/gjg.v12i2.8.
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Agriculture is the main occupation and source of livelihood for the majority of the inhabitants in low-income countries. However, agricultural activities in these countries are confronted with a plethora of challenges, including production and marketing risks. Some of the farmers in low-income countries have been employing autonomous and planned adaptation strategies, including agricultural insurance contracts to cope with the agricultural risks. Agricultural insurance has been acclaimed to possess enormous potential for managing agricultural risks in low-income countries. This study employed the literature review approach to identify the features and determinants of sustainable agricultural insurance programmes in low-income countries. The study found that the appropriate institutional arrangements, socio-economic and ecological pillars could interact to make agricultural insurance programmes in low-income countries sustainable. Since most low-income countries are still piloting and up scaling their agricultural insurance programmes, I recommend incorporating the institutional, socio-economic and ecological dimensions into the design and implementation of their agricultural insurance schemes.
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Yusuf, Muhammad Yasir, Rahmat Fadhil, Teuku Saiful Bahri, Hafizh Maulana, and Juli Firmansyah. "Design of Islamic Agricultural Insurance Model: Evidence from Indonesia." International Journal of Sustainable Development and Planning 17, no. 8 (December 30, 2022): 2375–84. http://dx.doi.org/10.18280/ijsdp.170804.
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The agricultural sector is a role model that can be the basis for policymakers to integrate Islamic insurance patterns in agriculture. This research aims to design a model of the Islamic agricultural insurance system based on Islamic law in the context of Indonesia. This study is expected to contribute for Indonesian government to accommodate the implementation of the Islamic agricultural insurance system and pattern in Indonesia. This study used an expert system approach through data collection and information as a reference in the formulation of model designs, including interviews, questionnaires, direct observation, and data synthesis in the field. This research stage used a systems development conceptual model described in the research process, including planning, analysis, design, verification, validation, and building models. The research hypothesis is confirmed that Islamic agricultural insurance can be implemented based on risk and investment with tabarru’ funds (mutual financial aid funds) and investment funds. Islamic agricultural insurance is a way out for farmers, especially Muslim farmers, in ensuring agriculture management by managing the level of risk due to crop failure. Islamic agricultural insurance systems can guarantee risks that arise in agricultural businesses to provide inner peace to farmers in getting the good and right protection for businesses that run following Islamic principles. This research has resulted in innovative features and development models of Islamic agricultural insurance for the Protection and Empowerment of Farmers in Indonesia.
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VDOVENKO, Larysa. "PROBLEMS OF AGRICULTURAL INSURANCE IN UKRAINE AND WAYS THEIR SOLUTIONS." "EСONOMY. FINANСES. MANAGEMENT: Topical issues of science and practical activity", no. 4 (54) (December 19, 2020): 20–34. http://dx.doi.org/10.37128/2411-4413-2020-4-2.
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The article is dedicated to the current trends of the agricultural insurance market in Ukraine. It has been established that for silskogospodarske, in accordance with the specific features and skills of the middling community, the need for a proper insurance business from a variety of derivative businesses in the case of uncomfortable natural businesses of unfair natural businesses. It is established that the risks inherent in agricultural production are systemic and create significant fees for most agricultural producers at the same time, which can lead to large insurance payments, so there is a system of regulation of complex economic processes in agriculture is insurance of agricultural products. The analysis of the legislative and normative protection of insurance claims has been completed. The payments were made, which is one of the important incentives for effective government insurance. The main indicators of insurance activity are analyzed, the development trends of the regions of Ukraine are determined, the problems of insurance and agricultural insurance are considered in the context of the participants in the events. A copy was made for the inexplicable activation of agricultural insurance as a key to the growth of the potential of the agricultural sector of the economy. In addition, the system of agricultural insurance is based on the protection of economic interests of the participants of the insurance companies (insurers, insurance and powers) and the short-term insurance of small losses in the aeronautical spheres. Based on an improved agricultural insurance system, affordability, improving the quality of insurance services, forming an effective insurance market infrastructure, a high degree of trust in insurers by policyholders, diversification of insurance products by special industry, the state's ability to provide real financial support for agricultural production.
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Li, Lanlan, Zhengqiao Liu, Jing-Yi Chen, Yang-Che Wu, and Hong Li. "Enhanced Agriculture Insurance with Climate Forecast." Sustainability 14, no. 17 (August 25, 2022): 10617. http://dx.doi.org/10.3390/su141710617.
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This paper presents a model to study how climate forecasts and the agricultural production function affect the effectiveness of government policies (disaster bailouts and agricultural income tax) and agricultural insurance (both compulsory and voluntary). In the base model with a neoclassical production function, we find that these programs could increase farmers’ expected profit and reduce its volatility. Furthermore, credible climate forecasts enable farmers, insurance companies, and governments to make more informed cultivate and insurance decisions, and therefore increase the benefit of these insurance programs to farmers. The results suggest that climate forecasts, combined with agriculture policies and insurance, can play an important role in securing farmers’ profits and providing climate risk management guidance for agriculture production.
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Kouach, Yassine, Abderrahim El Attar, and Mostafa El Hachloufi. "Mathematical Modeling of Agricultural Insurance Pricing in Morocco." International Journal of Engineering Research in Africa 66 (September 12, 2023): 129–48. http://dx.doi.org/10.4028/p-s5twyn.
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The world risks having an imbalance in terms of food security; this is why Morocco started the Moroccan Green Plan strategy in 2008 which aims to develop the agricultural sector. Agricultural insurance is considered among the levers of agricultural development. For this reason, the professionals must attach great importance to the pricing of agricultural insurance which allows the increase in the demand for this type of insurance and consequently the increase in agricultural investment. But, the existing approaches of pricing in agriculture insurance are limited to statistical modelling of the pure premium which consists of the estimation of the distribution assumptions of the yield. In this regard, this article aims to use a mathematical model in the pricing of agricultural insurance, with a view to offering a fair pure premium. The approach of this research seeks to build a powerful mathematical model taking into account the wheat yield growth stages and the weather conditions. The studied model will be used to price yield index insurance for wheat crops. The results showed that the mathematical model provided an adequate approximation of futures losses and the pure premiums expected. Furthermore, that model allows indemnifying the farmers in advance without waiting until the harvest time. This paper helps the insurers to establish an agriculture insurance price when the historical data are not enough to build a frequency-cost model.
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Timsina, Krishna P., Yuga N. Ghimire, Ghanshyam Kandel, and Deepa Devkota. "Does program linking with insurance makes agriculture insurance sustainable?" Journal of Agriculture and Natural Resources 1, no. 1 (December 9, 2018): 6–20. http://dx.doi.org/10.3126/janr.v1i1.22218.
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Agriculture insurance is most common forms of risk transfer in agriculture. It is often compulsory for borrowers of agricultural loans in low and middle income countries. This study tries to find out the status of compulsory agriculture insurance in Nepal and its sustainability through answering question “are compulsory agriculture insurance programs making agricultural insurance sustainable? Or we have to think differently for its sustainability. Household survey were conducted using pre-tested semi structured questionnaire in eight districts. Altogether 377 insurer farmers (132 crop and 245 livestock farmers) were selected from the list of target population using simple random sampling technique. Similarly, five cases were selected from the study districts. Result shows that Government of Nepal (GoN) has developed both cost of production and value based insurance products based on farmers demand. Basically, premium rate is fixed as five percent to cost of production based and seven percent to value based insurance for most of crops and livestock. Different governments programs such as youth self-employment program, youth focused program, spring rice promotion program and other grant/subsidy programs under different mega projects of GoN have started to link agriculture insurance with their programs. Insurance has been made mandatory to get such any subsidy support from the government for promoting agriculture insurance simultaneously. However, this study found that this strategy did not adequately work. But if they feel the enterprises is risky and realize the importance of agriculture insurance and can get higher returns from the enterprises, they were willing to participate in agriculture insurance. Most of farmers who participated in government grant program have limited understanding of crop insurance so that they have discontinued insurance after the end of grant/subsidy program. Therefore, it is necessary to revisit the existing provision of grant linked insurance and need to focus more on creating awareness on importance of agriculture insurance for its sustainability.
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Vávrová, Eva. "Development of the agricultural insurance market in the Czech Republic." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 58, no. 6 (2010): 613–24. http://dx.doi.org/10.11118/actaun201058060613.
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Proactive approach to risk management of agriculture companies is the way to ensure the efficiency of agricultural production even affected by natural disasters, to ensure the continuity of agricultural business and ultimately affect the level of development of rural regions. The instrument that solves the problem of reduction and elimination of risks associated with agricultural production is a systemic approach to the insurance of agricultural production, both crop insurance and livestock insurance, linked to a support program for SME in agriculture.This presented paper aims to identify and discuss the possibility of eliminating risks possibly threatening the agricultural production and to analyze forms of covering risks associated with agricultural production on the commercial insurance market in the Czech Republic. The paper analyzes the current situation and current development of the agricultural insurance on the insurance market in the Czech Republic.This paper was written as a part of the research project MSM 6215648904, carried out by the Faculty of Business and Economics, under the title „The Czech economics in the processes of integration and globalization, and the development of the agriculture and service sector in the new conditions of the integrated European market“, following the goals and methodology of the research project.
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Olkiewicz, Anna. "INSURANCE INSTRUMENTS PROMOTE AGRICULTURAL CULTIVATION." Annals of the Polish Association of Agricultural and Agribusiness Economists XX, no. 4 (August 23, 2018): 139–45. http://dx.doi.org/10.5604/01.3001.0012.2958.
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Agriculture is one of the basic human activities. To operate this affects many factors. One of the most important risks in agricultural activity is the climate and weather conditions. Drought in recent years, negatively affect the results. On the market there are a number of insurance instruments that allow for the significant reduction of the negative effects of the drought. Unfortunately, statistical data show that in Poland in recent years, decreasing the percentage of insured crops. This is, despite the introduction of subsidies for insurance companies that paid out compensation in connection with the drought. Reasons for this are many, but the main include: the amount of the premium, legal agricultural farms unawareness and direct support instruments.
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Kajwang, Ben. "CAPACITY BUILDING FOR AGRICULTURE INSURANCE: LESSONS FROM DEVELOPED ECONOMIES." American Journal of Agriculture 4, no. 1 (August 1, 2022): 89–109. http://dx.doi.org/10.47672/aja.1139.
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Purpose: Agricultural insurance has been offered in some developed economies for more than a century. In contrast, the sector remains underserviced in low and middle-income economies. Penetration of agricultural insurance exceeds 1 percent in developed economies but in low and middle- income countries, the agricultural insurance penetration is less than 0.3 percent. The gap between the penetration of non–life insurance and agricultural insurance increases as development status decreases. The purpose of this research work is to outline lessons from developed economies on how capacity building for agriculture insurance is done.
Methodology: Relevant books references and journal articles for the study were identified using Google Scholar. The inclusion criteria entailed papers that were not over five years old.
Findings: The study findings showed that insurance company’ in enveloped economies sell crop insurance policies through financial institutions or cooperatives, which are particularly important in marketing crop hail insurance. It was also found that in the developed economies, there is a national climate change policy as a means of capacity building for agriculture insurance. This policy helps the government to plan for training of staff and policymakers on how to advise farmers to take agricultural insurance. This policy also help in enhancement of the administrative and technical capacity of government institutions responsible for handling climate change related issues that affect agriculture insurance
Recommendations: The study recommend policymakers in developing countries to focus on imperfections on the pricing of agricultural insurance products. This will help policymakers designing public support programs aimed at reducing the cost of insurance thus developing insurance products that are attractive and affordable to farmers and financially viable and sustainable for insurers. The study also recommend developing countries to embrace modern insurance pricing approaches that are based on the credibility theory such as the experience-based approach. This approach has been promoted in several developed countries to cover systemic risks because it allows for the adjustment of the expected loss based on additional credible information such as insured losses of other products. The study further recommend developing countries to promote insurer- insured partnerships.
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Ogorodnikova, Elena, Laysana Rakhmatullina, Nataliya Andreeva, and Il'nur Safiullin. "ASSESSMENT OF CROPS INSURANCE DEVELOPMENT IN RUSSIA." Vestnik of Kazan State Agrarian University 18, no. 4 (December 30, 2023): 158–62. http://dx.doi.org/10.12737/2073-0462-2023-158-162.
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Overcoming and reducing the influence of negative natural, climatic, geopolitical, and economic factors on the development of Russian agriculture is the main condition for ensuring its food security. In recent years, the development of agricultural insurance has become an important tool for stabilizing the work of agricultural producers. During 2016-2018 the number of insured agricultural producers and the size of sown areas decreased, and since 2019 there has been an increase in indicators: if in 2018 the share of insured sown areas in Russia as a whole was only 1.7%, then in 2022 - 8.6%. In 2016 small forms of farming accounted for only about 15% of the total number of insured agricultural producers to whom subsidies were provided, and in 2022 - already more than 37%. With the increase in the number of insurances and the areas of insured areas, the insured amounts and the amounts accrued also increased significantly insurance premium, including those paid. A positive trend is also the ratio of the paid and accrued insurance premium, which in 2016 was 0.904, then in 2022 – 0.994. Rural producers mainly insure crops of grain and oilseeds, the share of which in the structure of insured areas is 79.3 and 14.9%, respectively. At the same time, the issues of crop insurance are unevenly developed across territorial units of the country: in 2021-2022, the largest amounts of insured areas are in the Southern, Central and Volga Federal Districts, the smallest in the North-Western and Ural Federal Districts. Agricultural insurance indicators are to a certain extent influenced by climatic conditions, in particular, due to unfavorable weather conditions, the largest number of crop insurers in 2021 were in Volga region.
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Klimkowski, Cezary. "Agricultural Production Insurance Market." Gospodarka Narodowa 194, no. 9 (September 25, 2004): 55–73. http://dx.doi.org/10.33119/gn/113712.
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Yeh, Chao-Hui, and Ti-Ling Wang. "Agricultural Insurance Pricing Model." i-manager’s Journal on Management 9, no. 2 (November 15, 2014): 1–12. http://dx.doi.org/10.26634/jmgt.9.2.2988.
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Kobus, Paweł. "Determinants of agricultural insurance." Studia i Prace WNEiZ 45 (2016): 279–90. http://dx.doi.org/10.18276/sip.2016.45/2-22.
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QOSIM, SAYID, KOMANG DHARMAWAN, and LUH PUTU IDA HARINI. "PENENTUAN HARGA PREMI ASURANSI PERTANIAN BERBASIS INDEKS CURAH HUJAN DENGAN MENGGUNAKAN METODE PEMBANGKIT DISTRIBUSI EKSPONENSIAL CAMPURAN." E-Jurnal Matematika 7, no. 2 (May 13, 2018): 141. http://dx.doi.org/10.24843/mtk.2018.v07.i02.p196.
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Agricultural insurance is an insurance in agriculture sector that is relatively newly introduced in Indonesia. Agricultural insurance based on rainfall index is one of the risk management tool to keep farmers in case of crop failure. This study aims to determine the steps in determining the value of rainfall index on agricultural insurance and calculate the value of agricultural insurance premiums based on simulated rainfall index by Stochastic weather generator with mixed exponential distribution. The results of this study provide value if the amount of rainfall 103,71 mm so that the amount of premium payments equal to Rp19.016, and if the rainfall is high 128.35 mm then the amount of premium payment equal to Rp1.088.000.
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BURHAN, Hasan Arda. "Tarım sigortaları ve doğal afetler: Türk tarım sigortaları havuzu (TARSİM) finansal performansının seçili kriterler dâhilinde değerlendirilmesi." Ardahan Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 5, no. 2 (December 14, 2023): 126–36. http://dx.doi.org/10.58588/aru-jfeas.1393228.
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Agriculture is closely linked to weather and climatic conditions, rendering it vulnerable to the impact of natural disasters. While such risks are inherent in agricultural activities, the escalation in both frequency and severity of these disasters in recent years can be attributed to the interplay of climate change, global warming, and ecological degradation. In this context, agricultural insurances offer financial assistance to farmers by extending insurance coverage to mitigate potential production failures stemming from these hazards. In Turkey, the insurances included in the Agricultural Insurance Pool (TARSIM) range from crop, greenhouse, and poultry, to drought yield insurances. In this study, the financial performance of TARSIM during the period 2018-2022 has been evaluated by using Criteria Importance Through Intercriteria Correlation (CRITIC) objective criteria weighting with Evaluation based on Distance from Average Solution (EDAS) and Multi-Atributive Ideal-Real Comparative Analysis (MAIRCA) multi-criteria decision-making (MCDM) techniques. The analyses included seven financial ratios based on eight indicators, and as a result, the criterion with the highest weight was determined as the Total Premiums Received-Equity ratio, and by considering all utilized methods, the first two years with the best financial performance was identified as 2018 and 2019.
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Okpukpara, Benjamin Chiedozie, Olusegun Adebayo, and Ikenna Charles Ukwuaba. "Smallholder Farmers’ Access to Agricultural Insurance Schemes: An Analysis of the Inhibitors in Kogi State, Nigeria." Turkish Journal of Agriculture - Food Science and Technology 9, no. 12 (December 24, 2021): 2159–65. http://dx.doi.org/10.24925/turjaf.v9i12.2159-2165.4381.
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The study examined the constraints of access to the use of agricultural insurance schemes (AIS) by small-scale farmers in Kogi State, Nigeria. Sustainable agricultural enterprise in most developing countries like Nigeria can be achieved through adequate financing especially in the area of agricultural insurance. Despite the existence of insurance services by the Nigerian Agricultural Insurance Corporation and other private firms in Nigeria, there has been a low level of participation of farmers buying insurance premium; thus, there is a need to examine the hindrances in accessing the scheme. The specific objectives were to describe the socio-economics characteristic of small- scale farmers, examine the types of agricultural insurance and evaluate the constraints in accessing AIS in the study area. Primary data were collected from 150 farmers with the aid of a well-structured questionnaire. Data were analyzed using descriptive statistics. Results showed that farmers in the study area were dominated by the married (68%), literates (81.33) and males (73.33%) with the mean age and farming experience of 47 and 19 years respectively. Crop insurance (56%) and farm implement insurance (46%) were the major types of agricultural insurance used by the farmers. Rigorous procedures in claim settlement (3.266), poor government attention (3.106) poor repayment (3.080) and non-coverage of all the crops (3.093) were among the major challenges in accessing AIS) in the study area. The study recommended that the government through the ministry of Agriculture or Bank of Agriculture should eliminate the bureaucratic processes and bottlenecks encountered by the farmers in accessing AIS.
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Prystemskiy, Oleksandr, and Alina Sakun. "THE ROLE OF INSURANCE IN PROVIDING FINANCIAL SAFETY OF AGRICULTURAL DEVELOPMENT." Economic Analysis, no. 28(4) (2018): 100–105. http://dx.doi.org/10.35774/econa2018.04.100.
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Introduction. The article analyses the state of the insurance market of Ukraine. It is found out that during the investigated period the indexes of insurance of agricultural products have reduced. It is established that the insurance system of agriculture is the regulator of the processes of social and economic development in the agricultural sector. There is a systematic list of agricultural risks, which determine the specifics of the industry. Purpose. The article aims is to define and carry out the analysis of insurance in ensuring financial security of agricultural development, to study the insurance market and systematize the scientific views. The method (methodology). In the process of research, we have used the following methods: method of comparison, method of analysis, method of theoretical and logical generalization. The dialectical method of research has become the methodological basis of the study. Results. It has been established that special importance in the regulation of financial security of agricultural development acquires the role of agri-insurance, as a way of levelling out possible threats. It has been revealed that the most common risks in agriculture that affect the financial security situation are natural risks, risks of self-reproduction, seasonality, low competitiveness, limited attractiveness of agricultural production for investors, etc.
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Aleskerova, Yuliia. "DEVELOPMENT OF AGRICULTURAL INSURANCE SYSTEM." Green, Blue and Digital Economy Journal 1, no. 1 (June 9, 2020): 1–7. http://dx.doi.org/10.30525/2661-5169/2020-1-1.
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The purpose of the work is to substantiate theoretical and methodological principles and practical recommendations for defining the main landmarks, priority directions and the dominant components of the development of the agricultural insurance system. Agricultural insurance is an effective instrument for its financial support and ensuring the continuity of expanded reproduction, which promotes stabilization of production, ensuring the financial stability of agricultural producers and, thus, generates conditions for achieving the desired standard of living, food security of the state and the welfare of the population. The objectives of the study are: to consider genesis of views on the essence and role of the agricultural insurance system; to analyze the current contour of the agricultural insurance system; to substantiate the priority directions of development of the system of agricultural insurance. Method. The methodological basis of the study is the general economic method of ascending from abstract to concrete, theoretical achievements of domestic and world financial science, conceptual provisions of modern insurance theories. The research is based on the use of a systemic approach to the consideration of financial phenomena, on the fundamental positions of economic theory, system theory, theory of finance, insurance management, etc. Results. The concept of the development of the agricultural insurance system and its main implementation vectors determine the purpose, defining tasks is a more specific form of decision-making, requiring the elaboration of certain strategic measures. In this case these are to outline the criteria for evaluating the purpose, to determine the high-quality and quantitative characteristics of these criteria. High-quality characteristics are understood as a landmark and quantitative as a task. Value/originality. Improved theoretical and methodological approaches to the definition of the essence and structure of the agricultural insurance mechanism have allowed to propose conceptual provisions for the harmonization of the mechanism of agricultural insurance, this will allow to take into account the inquiries, interests and financial opportunities of agricultural producers comprehensively in order to minimize adverse effects of agricultural risks depending on the intensity and level of their manifestation, on the basis of which a bunch of effective measures is developed, which allows to ensure the leveling of threats and the dynamism and flexibility of the system, which will facilitate the provision of insurance protection of agricultural produces and increase of export potential of agriculture.
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Chvertko, Liudmyla, Oksana Vinnytska, and Tetiana Korniienko. "Insurance of agricultural products with state support in Ukraine: state, problems and prospects of development." Economies' Horizons, no. 1(8) (March 31, 2019): 53–62. http://dx.doi.org/10.31499/2616-5236.1(8).2019.175420.
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The purpose of the research is to substantiate the laws of development of agricultural insurance with state support in Ukraine, and provide a set of practical recommendations for implementation of insurance mechanisms for financial support of agriculture. Methodology. The theoretical and methodological basis of the research are the dialectical method of knowledge of economic processes, the fundamental provisions of modern economic theory, scientific works domestic and foreign scientists on economic relations between participants of the agricultural insurance market with state support for agricultural products. A systematic approach, methods of generalization, induction, deduction, analysis, synthesis and comparison were used to achieve this purpose. Results. The necessity and importance of using insurance mechanisms to mitigate risks for agricultural producers had been determined. The state of economic relations for the protection of property interests of agricultural producers had been reviewed in general, and trends in the development of subsidized crop insurance in the insurance market of Ukraine had been identified. The indicators of agricultural insurance and the amount of subsidies from the state budget allocated to reduce the cost of insurance premiums (contributions), which actually had been paid by actors of the agricultural market, had been analyzed. It was revealed that in 2005-2008 the introduction of state support for crop insurance had a positive impact on the performance of the agricultural insurance market, contributed to the popularization of this type of insurance in Ukraine, and positively affected protecting the interests of agricultural producers. The factors hindering the development of domestic crop insurance with state support were revealed. It had been proved that current level of penetration of this kind of insurance protection remains low and insufficient to guarantee the safety of business activities in the agricultural sector, the current model of agricultural state aid, provided by the Law of Ukraine “On peculiarities of crop insurance with state support”, was inefficient and therefore required reformation. The importance of improvements in state regulation, including implementation mechanisms of the existing legislation, and state policy of financial support had been substantiated. It was determined that the market model of crop insurance system in Ukraine should be based on the principles of public-private partnership. Practical meaning appears in the possibility of using theoretical conclusions and practical recommendations for the further development of agricultural insurance in general and crop insurance with state support in particular. Prospects for further research are identification and scientific substantiation of the ways of forming a reliable mechanism for insurance protection of property interests of agricultural producers, development and legislation of recommendations on the forms of effective interaction between the main participants in agricultural insurance – agricultural producers, insurance companies and government.
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Yarmolenko, Vitalina. "Peculiarities of insurance of agrarian enterprises’ activity." Agricultural and Resource Economics: International Scientific E-Journal 5, no. 2 (June 20, 2019): 74–85. http://dx.doi.org/10.51599/are.2019.05.02.06.
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Purpose. The purpose of this research is to identify the specifics, condition and problems of the development of insurance activities of Ukrainian agrarian enterprises.
Methodology / approach. The methods of analysis and synthesis, due to which the diagnostics of the insurance segment in agriculture was conducted, were the basis of the methodological approaches in studying the state and dynamics of the agricultural insurance market. Abstraction for clarification of the essence and content of the concept of «agricultural insurance»; correlation and regression analysis for studying the factors of influence on the total volume agricultural insurance premiums; induction and deduction, generalization and formalization for the definition of the characteristics of insurance activities of agricultural enterprises.
Results. The essence, forms and types of insurance of activity of agrarian enterprises are considered. The problems and specifics of insurance business development of enterprises of agrarian sector of economy of Ukraine are revealed. The basic insurance products for agrarian enterprises are determined.
Originality / scientific novelty. Further development of identification of peculiarities and problems of development of insurance of activity of agricultural enterprises in the part of identification of basic insurance products and possibilities of their use was investigated.
Practical value / implications. The main results of the research can be applied in the practical activity of agricultural enterprises in order to minimize the risks of their functioning.
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Cajucom, Norman. "Agricultural Insurance in the Philippines: Innovative Product Development and Scale-Up Amid Climate Risks and Other Hazards." Transactions of the National Academy of Science and Technology 43, no. 2021 (September 22, 2022): 1–27. http://dx.doi.org/10.57043/transnastphl.2021.2395.
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The Philippines, an archipelago situated in the Pacific Ring of Fire and the typhoon belt, is highly vulnerable to natural disasters. The continued global warming experienced in the country in the past years shows a trend of climate changes that have caused casualties and losses in agriculture and properties. One of the solutions to address the negative effects of climate change is agricultural insurance. The Philippine Crop Insurance Corporation (PCIC) is a government institution that has served as the country’s sole provider of traditional crop insurance since 1981. However, because of PCIC’s limited resources, the private sector’s participation in the agricultural insurance business is necessary to increase the number of farmers, fisherfolk, and other stakeholders protected with insurance. The issuance of rules and regulations for private agricultural insurance operations and the formation of a Public-Private Partnership composed of the PCIC and private insurance companies are vital strategies to scale-up agricultural insurance business in the country. Further, to improve the agricultural insurance program, innovative/index-based agricultural insurance products, such as Weather Index-Based Insurance (WIBI) and Area-Based Yield Index Insurance (ARBY), have been developed and piloted with funding from donor agencies. New products such as the Yield Insurance Products for High-Value Crops (a hybrid of traditional, ARBY, and WIBI schemes), initially for coconut, coffee, and cacao crops could enable the PCIC and private insurers to provide insurance services at lesser loss adjustment cost and with a faster settlement of claims. Challenges to a successful and sustainable implementation of the new products need to be met, namely the (1) development of the required data infrastructure; (2) acquisition of advanced weather equipment and technologies for crop modeling and experimentation; and (3) collaboration with government research institutions and state colleges and universities to undertake science-based modeling and experimentation for the development of various weather indices/parametric for crops, fisheries/aquaculture, and livestock. Further measures to strengthen the existing agricultural insurance program include (1) integrating plans for agricultural insurance in the development and implementation plans of all concerned government institutions involved in agriculture, fisheries, and forestry sectors and (2) organizing small farmers and fisherfolk to undertake collective farming and business activities as they cannot cope with rapid changes in climate on their own that affect their livelihood.
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Ageshina, E. Y., I. A. Lavrentyev, V. A. Fedorova, and O. A. Nazarenko. "Specific features of government support for agricultural insurance in the Russian Far East." POWER AND ADMINISTRATION IN THE EAST OF RUSSIA 101, no. 4 (2022): 107–21. http://dx.doi.org/10.22394/1818-4049-2022-101-4-107-121.
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The article presents an analysis of contemporary government support of agricultural insurance in the Russian Federation. It includes the key stages of agriculture system development and reforms in 1993-2021. This article contains the results of government support for insurance implementation in the crop and animal husbandry in the Russian Far East in 2019–2021.The study revealed that agricultural insurance in the Russian Far East is actively developing. However, the Far-Eastern regions are at the bottom of rating among the federal districts due to the limited areas suitable for agriculture and overestimated insurance rates.
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Niu, Ziheng, Feng Yi, and Chen Chen. "Agricultural Insurance and Agricultural Fertilizer Non-Point Source Pollution: Evidence from China’s Policy-Based Agricultural Insurance Pilot." Sustainability 14, no. 5 (February 28, 2022): 2800. http://dx.doi.org/10.3390/su14052800.
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For a long time, the relationship between agricultural insurance and the input of chemical fertilizer has been controversial. Since the pilot of policy-based agricultural insurance in China, most scholars have only paid attention to the role of the policy in ensuring farmers’ income and reducing farmers’ poverty, but its possible negative impact on the agricultural ecological environment is often ignored. If the pilot of this policy motivates farmers to apply more chemical fertilizers, which in turn causes more serious environmental problems, this would be contrary to the goals of the policy itself. Using the panel data of 31 provinces from 2000 to 2020 in China, this paper regards the pilot of policy-based agricultural insurance as a quasi-natural experiment and uses a difference-in-difference model to evaluate the impact of policy-based agricultural insurance on agricultural fertilizer non-point source pollution. The research results show that the pilot of policy-based agricultural insurance has aggravated the non-point source pollution of agricultural fertilizers in China. After a series of robustness tests, the research conclusion is still valid. At the same time, the effect of policy-based agricultural insurance aggravating agricultural fertilizer non-point source pollution had a lasting impact for 4 years during the pilot period and did not disappear until the policy-based agricultural insurance was fully covered. In addition, the heterogeneity results show that farmers in eastern China and high-disaster areas have a higher probability of moral hazard with overuse after purchasing policy-based agricultural insurance.
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Tsyganov, A. A., and I. A. Bystronovskaya. "Possible Organizational and Economic Schemes of Index Insurance in Russian Agriculture." Financial Journal 15, no. 6 (December 2023): 61–75. http://dx.doi.org/10.31107/2075-1990-2023-6-61-75.
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Agricultural risks, given climate change and the crisis of globalization, are increasingly considered as national security risks. In global practice, insurance has proven to be one of the most successful and sustainable ways to manage agricultural risks. In the Russian Federation, agricultural insurance is also state-supported, which emphasizes the importance of containment of agricultural sector hazards. However, the level of insurance penetration in Russian agriculture is insufficient. Indices in agricultural insurance, i.e. insurance in which insurance payments are made not on the basis of the assessment of damage to the insurance object, but on the basis of the behavior of a special index, are used in many countries around the world. The main idea of index insurance is that there is no need to establish the fact and calculate the amount of loss, which makes it especially demanded for those activities in the real sector of the economy where speed, transparency and simplicity of insurance payments are important, as well as the need to attract additional well-trained employees to carry out the insurance process and claims settlement. Reduced workload due to the absence of the need to calculate the amount of loss reduces the time required to process claims. The procedures of claim settlement in index insurance can be called the most simplified for the client and the least costly for the insurance company, but the advantages and positive features of index insurance do not end there. The authors have investigated and systematized the possibilities of index insurance, for which they also considered the successful experience of a country with similar socio-cultural codes, Mexico, in the field of agricultural index insurance. The article also suggests ways to overcome the difficulties of index insurance implementation in the Russian insurance realities. The positive features of the index insurance identified by the authors can make it a promising alternative to classical (traditional) insurance, including for the further development of agricultural insurance with state support.
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Turysbek, A. K. "Voluntary agricultural insurance in the Republic of Kazakhstan based on the example of perennial plantings." Problems of AgriMarket, no. 2 (June 30, 2024): 258–68. http://dx.doi.org/10.46666/2024-2.2708-9991.22.
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The goal is to assess the potential of voluntary agricultural insurance in Kazakhstan using the example of perennial crops, determine demand and market readiness, and identify difficulties faced by agricultural producers and insurance companies. Methods - to solve the problems, content analysis method was used, which is aimed at studying problems related to state support of agro-industrial complex, data, statistical indicators were considered as information base, as well as review of literature on the topic, legislative acts and state policy in the field of agriculture and agricultural insurance, experience of economically developed countries were studied. The results show the possibility of the presence of agricultural risks and uncertainties with focus on insurance of perennial crops, prospects and barriers that impede its development in conditions of sharply continental climate, scarcity of water resources and unstable economy. Conclusions - voluntary insurance protection is an effective tool for mitigating financial losses in agricultural production in Kazakhstan. The author notes the need to increase financial resources and strengthen consulting work focused on understanding the benefits of agricultural insurance by business entities; creating effective mechanisms for distributing insurance payments and developing affordable insurance products that take into account the needs of the farmers. The most flexible insurance conditions, minimum list of documents for concluding an agreement, transparent methods for establishing the amount of insurance compensation and settling losses, increasing investment attractiveness, and using international experience taking into account the needs of Kazakhstani agricultural producers are required. The role of insurance services as one of the most common methods of reducing farmers' losses from natural and climatic changes, will increase.
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Nikolaishvili Akaki, Nikolaishvili Akaki, and Archil Tsertsvadze Archil Tsertsvadze. "Issues of Improving the Methodology of Agricultural Damage Assessment." Economics 105, no. 3-4 (May 15, 2023): 134–41. http://dx.doi.org/10.36962/ecs105/3-4/2023-134.
Full textAbstract:
The main role in the agricultural insurance program is damage assessment, which is very peculiar due to its specificity. Damage assessment is carried out by determining the percentages of loss, final real production and expected real production according to the insurance conditions of the plant damaged by insurance risks, this process is carried out by an agro expert. The damage assessor evaluates the deviation of the condition of the vegetative and generative parts of the plant, fruits from the standard/initial condition as a result of injuries caused by the insured risk. The assessment is done only to determine the percentage of quantitative and not qualitative losses. The purpose of determining the percentage of damage is to determine by how much the percentage of the crop/plants that existed before the occurrence of the insured risk occurred/will occur, compared to what it was before the occurrence of the risk. Perfection of damage assessment methodology in the agricultural insurance program is vital for the farmer. The specifics of properly conducted agro loss assessment will contribute to the development of agriculture and agro-insurance. As the research shows, a lot of work is needed to regulate agricultural losses. In order to perfect the methodology of damage assessment, it is necessary to conduct practical studies and to certify agricultural experts. Furthermore, it is necessary to share the world experience for the development of agro-insurance, taking into account the local specifics; Moreover, the perfection of the necessary agricultural insurance state program for correct assessment of risks, adequate determination of insurance premium and full compensation of financial losses of farmers are necessary; It is quite important to create and to improve damage assessment methods for different cultures individually. Keywords: Insurance, farmer, damage, appraisal, expert, agriculture.
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Prášilová, Marie, and Pavla Hošková. "Development analysis and a system solution design for agricultural insurance in CR." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 58, no. 6 (2010): 379–88. http://dx.doi.org/10.11118/actaun201058060379.
Full textAbstract:
Agricultural insurance is a sophisticated device for elimination of some risks in the agricultural production. In spite of its important role, its level is still unsatisfactory. The analyses carried out so far, demonstrated an astonishing drop in the volume of insurance premiums prescribed for the agricultural insurance commodity during 1991–1995. The second half of the Nineties brought a stagnation in its levels and the situation has not been changed so far. Since 2000 the State keeps supporting directly or indirectly the agricultural insurance by means of subsidies. Currently the support materializes through the PGRLF. In spite of this, the current levels of insuredness in such a specific and strategic area as the agriculture represents are low, and the agricultural insurance is not a convincing factor of risk management in the agricultural production, still. A model has been designed for the solution of agricultural insurance in CR, based on the analysis carried out, on professional consultations and international experience. The model assumes setting up a Fund for uninsurable risks, into the coffers of which the producers, their unions, commercial insurers as well as the State would contribute. The model would be able to manage calamity situations commercially uninsurable.
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Hidayat, Yuyun, Sukono Sukono, and Titi Purwandari. "Preparation Training for the Implementation of Agricultural Micro Insurance in the Prosperous Farmers Group, Parungponteng Village, Tasikmalaya Regency." International Journal of Research in Community Services 3, no. 4 (November 5, 2022): 150–58. http://dx.doi.org/10.46336/ijrcs.v3i4.335.
Full textAbstract:
Agriculture is a form of processing biological natural resources with the help of technology, capital, labor, and management. In Indonesia, agriculture is the main source of livelihood in some areas, one of which is Cibungur village, Parungponteng sub-district, Tasikmalaya district, West Java. With agriculture as the main livelihood in the village, all of these are not spared from the risks that can damage the agricultural sector. With the risks that can occur, there comes a solution to this problem, one of which is insurance. One of the insurance facilities for handling farmer risk is the Agricultural Micro Insurance program, which is expected to provide protection against the risk of uncertainty by providing guarantees for farmers to get working capital for farming from insurance claims. With this insurance, it can also reduce the risks that will occur which may be detrimental in the future. To realize this micro-insurance, we provide guidance to the prosperous farmer cooperative groups to form micro-insurance within the cooperative.
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Radović, Gordana. "Comparative overview of the state of agricultural insurance in Serbia and Croatia." Ekonomika preduzeca 68, no. 7-8 (2020): 532–44. http://dx.doi.org/10.5937/ekopre2008532r.
Full textAbstract:
The aim of this paper is to assess the level of agricultural insurance development for family agricultural farms in Serbia and Croatia. To that end, a comparative analysis of the characteristics of agricultural insurance and of the level of its development for family agricultural farms was conducted for these two countries, which were taken as comparative examples due to significant similarities relevant for the subject of research. According to the categorization of the Organization for Economic Cooperation and Development (OECD), the territories of both countries are dominated by rural areas which are, according to the structure of the agricultural entities, dominated by family agricultural farms, while agriculture has approximately the same share in gross domestic product (GDP) of both countries. The author analyzes the development of agricultural insurance from 2006 to 2018, with family agricultural farms that can be considered micro enterprises important for the growth of the insurance industry in the observed countries. Based on the conducted research, the author concludes that in both Serbia and Croatia, agricultural insurance of family agricultural farms is underdeveloped and that there are significant opportunities for the growth of the insurance industry in this market segment. In 2018, only 3.99% of all family agricultural farms in Serbia were insured, with this percentage being 4.26% in Croatia. Bearing in mind that supply is satisfactory, that solvency should not be viewed as a problem, as is often done, given there is significant subsidization of agricultural insurance premiums, it will be necessary, before all, to develop demand.